Machine Learning Momentum Index

Question 1: What is MLMI?

A momentum meter (in its own panel) that tries to predict which way momentum is about to lean. It sits around a zero line - above zero and rising = bullish; below zero and falling = bearish.

Question 2: How does the prediction work?

It describes the current market with a couple of momentum readings, finds the past moments that looked most similar, and checks what happened next. If those similar moments mostly went up, it leans bullish.

Question 3: What is the trigger?

When the line crosses the zero line (momentum flipped) or crosses its own signal line - ideally in the direction of the bigger trend. If it's just hugging zero and going flat, the market's undecided, so stay out.

Question 4: What are the settings?

How many past examples it compares against (default 200) and how much it smooths its momentum readings. Fewer = jumpier, more = smoother.

Question 5: Does it give price levels or stops?

No - it only tells you direction and strength. Use it for timing, and pair it with another tool that shows good price levels to trade at.